Palmer to cash in on royalty fees
PUBLISHED : 06 May 2011 12:06:32 | UPDATED: 9 hours 7 minutes ago PUBLISHED: 06 May 2011 PRINT EDITION: 6 May 2011
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Mining magnate Clive Palmer is confident that he will earn between $US400 million and $US500 million a year in royalty fees when first production begins at the mammoth Sino Iron Project in Western Australia.